Generally, When an Indorsement Is Unauthorized, the Burden of Loss

question 58

True/False

Generally, when an indorsement is unauthorized, the burden of loss falls on the first party to take the instrument.

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Definitions:

Pedialyte

An oral electrolyte solution designed to prevent dehydration by replenishing fluids and minerals lost during illness or exercise.

Diarrhea

Frequent, loose, or watery bowel movements, which may be a symptom of infection, digestive disorders, or adverse reaction to food or medication.

Coffee

A popular beverage made from roasted and ground seeds of the Coffea plant, known for its stimulating effect due to caffeine.

Angiotensin-Converting Enzyme

An enzyme that plays a key role in the body's regulation of blood pressure by converting angiotensin I to angiotensin II.